Litecoin is trading lower on Wednesday after finding strong technical resistance from the $73.00 level last week. Going forward, as long as the LTCUSD pair holds above the $60.00 support level the cryptocurrency could still test higher. The $78.00 level is the likely target, although an overextension towards the $80.00 is also possible.
The LTCUSD pair is bullish while trading above the $60.00 level, key resistance is found at the $73.00 and the $78.00 levels.
If the LTCUSD pair trades below the $60.00, sellers may test the $55.00 and $50.00 support levels.
